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Capital Expenditure News

Coal India Sets Production Targets, Expects to Spend Up To Rs 18,000 Crore Over Next Five Years

In a recent investor call, Coal India Ltd, the largest mining company in India, revealed its plans for the future, projecting a capital expenditure ranging from Rs 16,500 crore to Rs 18,000 crore over the next five years. The company remains ...

Ashok Leyland Invests Rs 1,200 Crore in EV Arm Switch Mobility

Ashok Leyland's board has approved an investment of Rs 1,200 crore in its EV arm Switch Mobility for capital expenditure, R&D and meeting operational requirements in the UK as well as in India....

Telecom Operators May Face Retrospective Tax Demand

The income tax department may raise demand on a retrospective basis from telecom operators following a Supreme Court order, which classified licence fees paid by service providers as capital expenditure rather than a revenue expenditure....

Grasim Industries to Raise Rs 4,000 Crore Through Rights Issue

Grasim Industries, a flagship company of the Aditya Birla Group, announced on Monday that it will raise Rs 4,000 crore through a rights issue to fund its next phase of growth. The company's board, at its meeting on Monday, approved the ...

Budget Reaction: What Experts Say On Increase In CapEx Outlay By 35%

The government boosted capital expenditure (CapEx) outlay by roughly 35% to Rs 7.5 lakh crore in the financial year 2022-23, as per finance minister Nirmala Sitharaman, who also stated that the FY23 effective CapEx is expected to be Rs 10.7 lakh ...

Power CPSEs Capex Rises 47 Percent to Rs 40k Crore In Apr-Dec

The power ministry on Thursday said the state-owned firms (CPSEs) under it have incurred capital expenditure of Rs 40,395.34 crore during April-December 2021, which is 47 per cent higher year-on-year. "CPSEs under Ministry of Power have incurred capital expenditure ...